Concerns raised over proposed P100B budget as Cebu City struggles to meet current collection targets. City legislators question the feasibility of doubling the budget for 2024, citing limited funds and negative public perception. City Budget and Finance Officer expresses confidence in achieving the target based on economic indicators. Learn more about the proposed budget and the challenges faced by Cebu City.
THE Senate will provide a budget for the establishment of new facilities at the Ayungin Shoal and Kalayaan Island, Sen. Francis Joseph Chiz Escudero said Tuesday.
Cebu City is still a few years away from realizing Mayor Michael Rama’s “Singapore-like” dream. City Treasurer Mare Vae Reyes said the City Treasurer’s Office has collected a gross amount of P7,556,320,087.76 as of October, but this is not yet the net income. The City failed to implement a revised Real Property Tax (RPT) Code, among other revenue measures.
Mining billionaires might have made the state wealthy, but it’s developers’ decades of wheeling and dealing that continue to have the most impact on daily life.